Hydrogenone Capital Growth Plc (GB:HGEN) has released an update.
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HydrogenOne Capital Growth Plc, an investment firm focused on clean hydrogen, reported a 5.8% increase in NAV from 2022 to 2023 and avoided over 91,000 tonnes of CO2 emissions in 2023. Despite positive NAV growth, share price fell due to rising interest rates and market pressures, widening the discount to NAV. The company retains a strong cash position and is actively managing a diverse portfolio of hydrogen assets, with a positive outlook for the sector driven by increasing investments and policy support. HydrogenOne’s Annual General Meeting is scheduled for May 21, 2024.
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